Opec Quotes
With market attention firmly focused on the forthcoming OPEC meeting, we expect oil prices will remain well supported given recent statements from member countries indicating a desire to curtail physical supply.
- Matthew Warburton
While a near-term supply disruption from Venezuela does not seem likely, the country's inability to meet its OPEC quota makes the government famously hawkish when it comes to defending an oil price floor for the group. This fact, along with a lack of foreign investment in the Venezuelan energy sector, should be seen as bullish factors for global oil prices. We do not see this changing until such time as the government adopts more favorable policies towards foreign oil companies.
- Raymond James
What is important to us is not just that OPEC and other nations make a decision to increase production, but that they do it and get oil into the market because this is not just the United States... ...What is most important here is consumer and producing countries need to have a stable price, and that helps them both.
- Bill Richardson
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